Zinc Prices Jump as China’s Central Bank Cuts Benchmark Rates, Fueling Demand Hopes
Zinc prices climbed on Friday, driven by China’s central bank decision to cut benchmark rates.
China’s Rate Cut Boosts Zinc Demand Outlook
The People’s Bank of China’s (PBOC) rate cut aims to stimulate economic growth.
Expert Trading Tips and Analysis for Zinc, Gold, Silver, Crude Oil, and Natural Gas
Our team of experts provides timely and accurate trading tips.
- Zinc Trading Tips: Consider buying zinc futures on dips.
- Gold Trading Tips: Monitor gold prices for potential buy opportunities.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Consider selling on rallies.
- Crude Oil Trading Tips: Monitor oil supply concerns.
- Natural Gas Trading Tips: Monitor weather forecasts.
Key Market Data:
- Zinc prices rose 2.1% to $2,431 per tonne
- China’s benchmark one-year loan rate fell to 3.65%
- Shanghai zinc futures rose 2.5% to 19,230 yuan per tonne
Market Outlook:
The current market sentiment is bullish for zinc.
Sign up for our trading tips and analysis today!